HOUSTON-Weingarten Realty has purchased two grocery-anchored centers, pushing its year-to-date acquisition volume to $173 million.
The total exceeds the REIT’s 2010 acquisitions goal of $75 million to $125 million, according to Executive Vice President and COO Johnny Hendrix. The REIT says the blended initial yield its 2010 acquisitions is close to 7%.
“This is a fabulous thing to end the year – to be able to have the revenue from these projects for all of 2011,” Hendrix tells GlobeSt.com.
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